FET Price Rally Encounters Resistance: Should Traders Take a Wait-and-See Approach?

The FET token's recent price movement has run into obstacles after failing to break through a key resistance level. Over the past 24 hours, FET saw a 9.3% correction, highlighting the uncertainty among traders. As bullish attempts met resistance around the $0.31 mark, questions arise about the future direction of this cryptocurrency.

Key Takeaways

FET has corrected 9.3% after failing to break the $0.31 resistance.
The long-term trend for FET has been bearish, with a recent swing low at $0.194.
Short-term price movements are confined within the $0.269 to $0.315 range.
Traders are encouraged to capitalize on potential opportunities within this range, keeping an eye on key support and resistance levels.

FET prices ping-pong within a week-long range after another failed breakout attempt

Has the Long-Term Outlook Improved for FET Bulls?

FET 3-day Chart Source: FET/USDT on TradingView

Recently, FET's long-term trend has been predominantly bearish. Notably, in February, the price dipped below the $0.71 level, which had been a significant support since August 2024. Although there was a rally to $1 in May, it was merely a temporary bounce rather than a true recovery.

In October, the price dropped to a new swing low of $0.194, accompanied by substantial selling pressure throughout the last quarter of 2025. However, in recent days, there has been some improvement, with the Chaikin Money Flow (CMF) indicator beginning to trend toward neutral territory.

The Awesome Oscillator is poised for a potential bullish crossover, which could indicate an uptick in bullish momentum. Despite some signs of improvement, the overall trend remains bearish, with the internal structure needing to push above $0.46 to signal a more positive outlook.

Can FET Achieve Short-Term Gains?

FET 4-hour Chart Source: FET/USDT on TradingView

In the past week, FET has been fluctuating within a defined range of $0.269 to $0.315. Currently, market momentum appears to lean toward the bears, as reflected by a recent decline in the CMF to below +0.05, though it is attempting to regain some strength.

While there is potential for bullish movement, traders need to stay vigilant and adaptable.

Strategies for Traders: Capitalizing on the Range

The established price range of $0.269-$0.315 presents various short-term trading opportunities. There's a possibility of revisiting the lower end of the range, especially with liquidation levels gathering around $0.265. A dip to this level could serve as a buying opportunity, while a drop below $0.254 would signal an invalidation of this bullish potential.

However, due to the overarching bearish trend, a decline under $0.26 would be a warning for traders to adopt a bearish stance.

Conclusion

Disclaimer: This information does not serve as financial, investment, trading, or any other form of advice; it represents the opinion of the writer.